Downward pressure seems strong but 1.205 can retest as a resistance level , or next support level test at 1.128.
Targets if I were on either side of the trade.
Let's wait and see.
Trade closed: target reached:
Clearly there was a liquidity pool at the 1.128 level and the price moved there conveniently to trap both longs and shorts. Crazy stuff going on.
It's all shorts vs longs now, the weak hands will lose.